- Posted: 9:31 AM, August 2, 2012
Michele Davis is reportedly being tapped to defend Romney's record in the private sector and given her experience dealing with the press and within the financial sphere while at Treasury, she may just be a good choice.
But her appointment raises a couple of questions:
1. Is this hire an admission that Obama's Bain attacks are working?
2. Davis is probably insulated from Democratic attacks of this kind (since Obama's advisors are guilty of the same), but is it really such a great idea to hire someone who earlier in her career was "vice president for regulatory policy at Fannie Mae from 2002 to 2006, and is listed as a registered lobbyist....in 2004"?
Fannie Mae and Freddie Mac are the government-backed entities that are supporting nearly all home mortgages these days and besides have a record of troubling financial practices and too-cozy relations with the legislative branch.
As Wall Street Journal's Paul Gigot wrote in 2008 , Fannie and Freddie are "a relentless and untouchable political force. Their unique clout derives from a combination of liberal ideology and private profit. Fannie has been able to purchase political immunity for decades by disguising its vast profit-making machine in the cloak of “affordable housing.”
This is who Romney wants to make his case for his work in the private sector?